SCHEDULE: Anson Funds Discloses 4.9% Stake in LM Funding America

Anson Funds Management LP and affiliated entities have filed an amended Schedule 13G, reporting a 4.9% beneficial ownership in LM Funding America, Inc.

Summary

• Anson Funds Management LP, Anson Management GP LLC, Tony Moore, Anson Advisors Inc., Amin Nathoo, and Moez Kassam collectively beneficially own 741,777 shares of LM Funding America, Inc. Common Stock.
• This represents 4.9% of the outstanding Common Stock, calculated based on 14,123,497 shares outstanding as of December 22, 2025, and 741,777 shares receivable upon warrant exercise.
• The ownership includes Common Stock underlying outstanding warrants, which have a beneficial ownership limitation preventing exercise beyond 4.99% of outstanding Common Stock.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive development, indicating institutional interest without suggesting any immediate strategic shifts or performance changes for LM Funding America, Inc.

Positives

• Anson Funds, a recognized investment advisor, holds a significant stake, potentially indicating confidence in LM Funding America, Inc.
• The filing confirms the investment is for ordinary course business, not for control changes, suggesting a passive investment strategy.

Negatives

• The beneficial ownership is below the 5% threshold, which means the reporting persons are not required to file a Schedule 13D, which would provide more detailed information on their intentions.
• The 4.9% stake, while significant, is limited by warrant terms to stay below 4.99%, suggesting a strategic decision to avoid triggering certain reporting or regulatory thresholds.

Risks

• The beneficial ownership limitation on warrants (not to exceed 4.99%) could restrict Anson Funds' ability to increase its stake without triggering additional regulatory scrutiny or reporting requirements.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from LM Funding America, Inc. It primarily details the beneficial ownership stake of Anson Funds and its affiliates.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
• The foreign regulatory scheme applicable to Anson Advisors Inc. is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s).

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for passive investors holding between 5% and 20% of a company's stock, or institutional investors holding over 5% but not seeking control. Anson Funds' 4.9% stake, while just below the 5% threshold, still signals a notable institutional interest in LM Funding America, Inc., a company operating in a niche financial services sector. This level of ownership is common for funds taking a strategic, non-activist position.

Comparison to Industry Standards

• Anson Funds' beneficial ownership of 4.9% is just below the 5% threshold that typically triggers more extensive Schedule 13D reporting requirements for activist investors. This is a common strategy for funds like Vanguard or BlackRock when taking passive stakes in companies such as Apple or Microsoft, where they hold significant but non-controlling positions.
• The beneficial ownership limitation on warrants to stay below 4.99% is a standard clause used by institutional investors to avoid triggering certain regulatory or corporate governance provisions that apply at or above the 5% ownership mark.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially offering a signal of confidence.
• Management: Awareness of a notable passive investor, but no direct impact on operations or strategy is indicated.

Next Steps

• The filing does not explicitly mention future actions or milestones for LM Funding America, Inc. from the perspective of the reporting persons, beyond their continued passive investment.

Key Dates

Recommendation

This Schedule 13G/A filing is a routine disclosure of beneficial ownership by Anson Funds and its affiliates, indicating a passive stake of 4.9% in LM Funding America, Inc. It does not contain new financial performance data, strategic updates, or any intent to influence control. As such, it provides no new information that would warrant a change in investment thesis. Investors should hold their positions and await further operational or financial updates from the company.

Keywords

LM Funding America Inc., Anson Funds Management LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Advisor, Warrants, Passive Investment